FINANCIAL_SERVICESAPPROVED

city of Amarillo Awards Financial Services Contract to Rillo Investments Llc (April 2026)

The City of Amarillo approved a developer agreement with Rillo Investments, LLC for a $28 million, 122-room Hampton Inn near SE 10th and S. Buchanan. In return, the developer will receive a 10-year, 100% property tax rebate and a grant of up to $900,000 for eligible project costs.

Status
APPROVED
Document date
April 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Rillo Investments Llc
Agency
city of Amarillo · TX

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $900,000 grant plus 100% property tax rebate for 10 years
Contract type
FINANCIAL_SERVICES
Contract term
10 years of 100% annual property tax rebate after project completion
Renewal
Agreement provides a 10-year 100% property tax rebate following project completion, along with a one-time grant not to exceed $900,000; no additional renewal terms noted.
Document type
Minutes
Source document
City of Amarillo Minutes Regular Meeting 2026-04-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by city of Amarillo?

Rillo Investments Llc was awarded this financial services contract by city of Amarillo, as recorded on April 28, 2026. The contract value is Not to exceed $900,000 grant plus 100% property tax rebate for 10 years.

How much is the Rillo Investments Llc contract with city of Amarillo worth?

The Rillo Investments Llc contract with city of Amarillo is valued at Not to exceed $900,000 grant plus 100% property tax rebate for 10 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Amarillo Minutes Regular Meeting 2026-04-28 (Minutes), dated April 28, 2026 from city of Amarillo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rillo Investments Llc hold?

Rillo Investments Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Rillo Investments Llc's profile

What is city of Amarillo currently buying?

Explore city of Amarillo's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View city of Amarillo's profile

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